Masdar Special Projects: UAE - Pacific Partnership Fund
The UAE-Pacific Partnership Fund (UAE-PPF) is a US$ 50million initiative delivering grant-funded renewable energy projects to Pacific Island nations.
The fund’s 11 projects were deployed by Masdar’s Special Projects unit in cooperation with the UAE Ministry of Foreign Affairs and International Cooperation and each nation’s government, with fundingprovided by the Abu Dhabi Fund for Development(ADFD).
The highly customised projects were designed to drive economic growth and sustainable development, following the identification of renewable energy as a key growth enabler for the region. The projects support the participating island countries to increase their energy resilience, bolster job creation and capacity-building efforts, and contribute to renewable energy targets.
Cycle I was comprised of six projects, which were completed by November 2015. Cycle 2 consisted of five projects, inaugurated in May 2016.